In Bhilwara in the Indian state of Rajasthan, BSL Limited, a venerable name in the textile and apparel sectors, has opened its first cotton spinning facility. The company’s revenue is anticipated to increase by $250 crore as a result of this expansion in the upcoming year. With its 30,000 spindles, the new facility will be able to produce 700 tonnes of cotton yarn each month. Additional 200 people will have jobs thanks to the smart manufacturing facility.
The business chose to manufacture 100% cotton yarn less than a year ago, and in record speed, it put up a plant for spinning cotton yarn. BSL Ltd. will provide a variety of counts ranging from 1/20, 1/30, and 100% cotton yarn, including combed yarn, Siro spun yarn and carded yarn. According to a press statement from the company, these yarns will be made available for commercial sale for both the domestic and export markets.
All 450 Ikea stores worldwide carry BSL Ltd’s goods, which are Ikea’s sole source for furniture fabrics from South Asia. Additionally, the company offers two suiting brands that serve the mass market and premium segments, respectively: BSL and Geoffrey Hammonds (GH). BSL Ltd has broadened its product line and offerings, focusing on pure wool and poly wool textiles, ethnic clothing and Jacquards, especially for local consumers. GH-Insignia, a new brand, has also been introduced.
It provides a variety of suiting textiles for export to over 55 countries, as well asas well as a luxurious range of fabrics for curtains and furniture upholstery. According to the press release, BSL Ltd. has a solid market position and a dealer network that spans all of India.
Nivedan Churiwal, the managing director, commented on the development by stating that India has one of the fastest-growing cotton spinning industries worldwide and that there is a sizable market for cotton yarn and other cotton-based products both domestically and overseas. The recent China Plus One Policy, the robust demand from the Indian and global markets, the plentiful availability of raw resources, and the manufacturing of high-quality items by Indian manufacturers are just a few of the reasons behind this. We at BSL Ltd are certain that our objectives will be accomplished with the assistance of numerous initiatives such aswith our varied portfolio, further expansion ambitions, including the newly constructed cotton spinning facility.”
